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Japan wakes up to exploitation of foreign workers as immigration debate rages

Twenty-seven-year-old War Nu left her village in central Myanmar at the end of last year bound for Japan. She had borrowed nearly $3,000 to pay an agent for a job in the garments industry here, lured not only by the offer of much higher wages but also by the chance to learn new skills in […]

12 applications for first phase of Yangon highway project

The Ministry of Construction says it has received 12 prequalification applications for the Yangon Elevated Expressway Project (YEX) Phase 1. The deadline for submissions of prequalification applications was November 13, and the ministry has announced the companies or consortiums that submitted applications for the project. The companies/ consortiums are VINCI Highways from France, Team Korea […]

China and Japan in Myanmar

Since 2015, Myanmar has been heading toward a market approach. There is also huge potential for the country to upgrade its structure with China, and also within the rest of the country. Things have been moving in the right direction. China and Japan have been assisting Myanmar’s Government despite the Rohingya crisis Myanmar is a […]

Volvo builds foundations for growth in Myanmar

As Myanmar’s economy opens up, international car brands are increasingly looking to the country’s potential as a promising market. Among the brands leading the way is the famous brand Volvo. Volvo entered the Myanmar market in February 2017 and signed up Performance Auto International Co Ltd (Volvo Myanmar) as the importer and distributor of the […]

Myanmar targets FDI from East Asia in long-term investment plan

Myanmar is gunning for more foreign direct investments (FDI) from East Asia in the next 20 years under its new Myanmar Investment Promotion Plan (MIPP), U Than Aung Kyaw, deputy director general of the Directorate of Investment and Company Administration (DICA) told The Myanmar Times at a book launch in Yangon on Thursday. Besides strengthening […]

Myanmar, Japan-involved consortium to build high structure in Yangon

YANGON, Oct. 7 (Xinhua) — Myanmar Pharmaceutical Industrial Enterprise (MPIE) and a consortium of two local Myanmar companies and a Japanese company on Saturday signed an agreement to build a high-rise structure on the land owned by MPIE in Tamway, Yangon, the official Global New Light of Myanmar reported Sunday. The consortium, named NSKRE Residence […]

Myanmar to hold investment fairs to spur development

Myanmar is making preparations to hold a business forum in Mandalay, the country’s second largest city in the north, on Nov. 9, aiming to promote trade and investment for the development of Mandalay region, according to the Directorate of Investment and Company Administration (DICA) Monday. Such a forum is partly aimed at driving development more […]

Myanmar tourism rolls out red carpet

The first tourists from Japan, South Korea and China to take advantage of Myanmar’s easing of visa rules enjoyed a VIP welcome at Yangon Airport Wednesday. A celebration at the airport welcomed travellers flying in from Japan and Korea, who were among the first to enjoy a visa-free privilege that was introduced on Monday. The […]

Myanmar Shipyards builds 528 new vessels, repairs 1,598 ships

Myanmar Shipyards under the Ministry of Transport said that 528 new ships were built and 1,598 ships were repaired up until August this year. Myanmar Shipyards was formed in 1970 as a state-owned enterprise and it has carried out construction and repairing processes of vessels as commercially since the beginning of 1976. “We built 528 […]

Mitsui buys stake in Singapore-Yangon undersea cable

Mitsui & Co. will invest $20 million in a Singapore company that is laying undersea communications cable to Myanmar, a project seen giving telecom-related businesses there a boost after the 2020 completion. In its first foray into seafloor cable operations, Mitsui will purchase a total 22% stake in Singapore’s Campana Group across a series of […]